Form 4: Zynex CEO Thomas Sandgaard Sells 1.7 Million Shares in Exempt Transaction

Thomas Sandgaard, CEO of Zynex, Inc., sold 1,700,000 shares of common stock back to the company in an exempt transaction and gifted 25,000 shares.

Summary

• On March 13, 2025, Thomas Sandgaard, the President, CEO, and Chairman of Zynex Inc., sold 1,700,000 shares of common stock to the company.
• The transaction was exempt under Rule 16b-3 and was approved by the Audit Committee and disinterested members of the Board of Directors.
• The sale price was $2.905 per share, equivalent to the closing price of the common stock on that day.
• Sandgaard also transferred 25,000 shares as a bona fide gift.
• Following these transactions, Sandgaard beneficially owns 12,883,151 shares of Zynex Inc. common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reports a transaction without expressing any positive or negative outlook. The sale could be for personal financial planning or other reasons unrelated to the company's performance.

Industry Context

Executive stock transactions are routinely monitored by investors as they can provide insights into management's perspective on the company's valuation and future prospects. A sale of this size by the CEO could be interpreted in various ways, requiring further context to understand the motivation behind the transaction.

Stakeholder Impact

• Shareholders may react to the news of the CEO selling a significant number of shares, potentially impacting the stock price.

Key Dates